The GDL Fund Declares First Quarter 2020 Distribution, Payable on March 24, 2020; Raises the June Distribution
February 12, 2020 at 08:31 am EST
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The Board of Trustees of The GDL Fund declared a $0.10 per share cash distribution payable on March 24, 2020 to common shareholders of record on March 17, 2020.
The Board of Trustees authorized a 20% increase in the cash distribution from $0.10 per share to $0.12 per share for June 2020.
The GDL Fund (the Fund) is a diversified closed-end management investment company. The Fund's primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The Fund will seek to achieve its objective by investing primarily in merger arbitrage transactions and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs, and liquidations. The Fund will invest at least 80% of its assets in securities or hedging arrangements relating to companies involved in corporate transactions or reorganizations, giving rise to the possibility of realizing gains upon or within relatively short periods of time after the completion of such transactions or reorganizations. It has investment in sectors, including financial services, energy and utilities, semiconductors, food and beverage, healthcare, wireless communications, automotive and cable and satellite. The Fund's advisor is Gabelli Funds, LLC.
THE GDL FUND 
